Question
Ketz Manufacturing Co. purchased business equipment for $35,000 on July 1, 2017. Total tangible personal property purchased in 2017 by KMC was $4,000,000. KMC elected
Ketz Manufacturing Co. purchased business equipment for $35,000 on July 1, 2017. Total tangible personal property purchased in 2017 by KMC was $4,000,000. KMC elected out of bonus depreciation. What was MACRS depreciation for this equipment in 2018 for that $35,000 piece of business equipment?
| $17,500 |
| $35,000 |
| $8,571.50 |
| $5,001.50 |
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Introduction To Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
3rd Edition
0073048836, 9780073048833
